Persian Gulf Petrochemical Industries Co.

April 2016
 releasing the economic activities from political issues helps to realize the
business and economics of the world, make reduce the crisis in the world.
 Europe still suffering from supreme crisis and credit crunch of 2008, and
investment in Iran’s offered opportunities would serve mutual interest of both
side
 With respect to Iran, As it is the restart of old business , all required means and
structures are already in place
Iran Petrochemical Industry
3rd rank in oil reserves in the world
(9.33% of world oil reserves)
2nd rank in gas reserves in the world
(18.23% of world gas reserves)
60 Million tons capacity
(51 production plants)
2nd Regional petrochemical
product producer
Iran Petrochemical Industry’s structure
Ministry Of Petroleum
NIOC
NPC
NIRODC
NIGC
20% Direct share +40% managing of public shares
Private
Companies
Persian Gulf Petrochemical Industries Co (PGPIC)
100% belongs to PGPIC
NPCI
Investment & Financing arm
of PGPIC
NPC is in charge for development policies of petrochemical industry in Iran.
5% of shares were
Established in line with
transferred to Tehran
implication of article 44
stock exchange
September
2011
October
2008
Incorporated
June
2013
April
2013
PGPIC was separated
from governmental sector
Largest Petrochemical holding in Iran
A.Nejadsalim
N.Rahimi
A.Shari moghadam
A.Imami
M.Omidghaemi
CEO & Board member
Chairman of the Board
Vice Chairman of the Board
Board member
Board member
PGPIC Unique competitive Advantages
Biggest Petrochemical holding Company in Iran
9.3 Billion$
Current Market Value
Three times more than any other petrochemical corporation in IRAN
Ownership of Developed and Monopolistic Infrastructure
Bargaining Power
Enjoying support of the state due to shareholder structure
Public share,
40%
Taban Farda
Petrochemical
Group; 9%
Tamin Petroleum
Petrochemical
Investment
Company; 9%
NPC; 20%
Pension
Fund,
17%
Others
(IPO),
5%
PGPIC at a Glance
 Production Complexes
 Utilities Companies
 Investment and finance
Provider
 Service Companies
 Staff Companies
16.2
PIDMCO
Bandar Imam
Bou Ali Sina
Khouzestan
Tondgouyan
Non Industrial Operation
Petrol
Tosee Tejarat
PCC
NPCI( Registered in UK)
Tehran
Rahavard Novin
Fajr
Pazargad
Billion$ Consolidated Asset
2.5
10.8
Billion$ Net income
Billion$ Sales
Mahshahr
Pars
Nouri
Mobin
Asalouyeh
80
subsidiaries
Global and Regional Rankings
Top rank in Profitability index and Export index in Iran (IMI 100 ranking)
Third rank in sales index in Iran (IMI 100 ranking)
2nd chemical company in Middle East in 2014 (ICIS ranking)
44th chemical company among the Top 100 chemical companies in the
world in 2014 (ICIS ranking)
PGPIC Production Capacity
basic and chemical products
24%
Aromatics
14%
polymers
11%
others
2%
fuel & feed products
49%
24.6
Current Capacity
(MM tons)
41%
Of IRAN’S Petrochemical
Capacity (60 Million tons)
10
PGPIC Production 2014
18.5
Sales(Million Tons)
Million Tons Production
33%
Export
Sales
39%
Domestic
Sales
61%
of Iran’s Petrochemical
Export(Volume)
11
PGPIC Sales 2014
Sales(Billion$)
4.6
Billion $ Export Value
44% of Iran
Export Sales
45%
Domestic
Sales
55%
’s
Petrochemical products
Export value
1 $= 28500 Rials
12
Mobin & Fajr Excluded
 Established in 1992 as private limited Company
 Registered in United Kingdom with its main office in London
 100% of Shares belongs to PGPIC
 Main Area of activities:
 Financing of Petrochemical projects
 Joint venture development
 Acquiring foreign Investment in Iran
 Investment in Foreign countries
13
A.Nejadsalim
Chairman of the board
R.Ashrafzadeh
Vice Chairman of the board
I.Mashayekhi
Chief Executive Officer
& board member
S.A.Shah Cheraghi
Board member
 Finance
 Dealing with Major International Creditors& ECAs
 Providing almost €6 billion financial facility to petrochemical Projects
ECAs
ECGD
UK
Deutsche Bank
Germany
HSBC
France
JBIC
SACE
Italy
SG
NEXI
Japan
ING
KEXIM
Korea
Calyon
CESCE
Spain
ONDD
Belgium
EKN
Sweden
Hermes
COFACE
15
183
240
170
556
Aresbank
86
146
676
1.164
Standard Chartered
Fortis
159
2.466
 Joint Ventures
 Completed
In Iran
 Under
Development
16
Company
Foreign Investor
Arya-SGS
Switzerland
Inspection
Arya Sasol
South Africa
Olefin
Laleh
Netherland
LDPE
Hegmataneh
Italy
PVC
Karun
Germany/Sweden
Isocyanate
Mehr
Japan/Thailand
HDPE
Project
Name
Capital investment
Ammonia-Urea
Hormoz
€526 million
Ammonia-Urea
Hengam
€474 million
Methanol
Veniran Apadana
€500million
Main Investment Projects
Total capital Estimated
Billion Euro
5.33
main product
capacity(1000 ton/year)
Investment
(million Euro)
IRR(%)
Ownership(%)
Estimated
Completion
Project
Progress(%)
PGPIC
2nd Bid Boland Gas
Refinery
Gas Refinery
Products
2256
25
80
2018
21.89
Hormoz Fertilizer
Company
Urea (1072)
Ammonia(682)
419
27.23
99
2018
6.7
Hengam Petrochemical
Company
Urea (1072)
Ammonia(726)
470
31
94.7
2018
22.62
2019
17.64
Veniran Apadana
Petrochemical Company
Methanol(1650)
462
28.7
49
(NPCI)
NGL-3200
NGL-3200
Gas Refinery
Products
1054
22
(BIPC)
2018
NA
NGL-2300
Gas Refinery
Products
669
20
(BIPC)
NA
0%
Total capital Estimated
860
MM Euro
nd
Ethane recovery & 2 olefin
Ethylene Oxide / Ethylene
Glycol
VCM & PVC
Company
Investment
Duration
(million Euro)
IRR(%)
Bandar Imam
Petrochemical
Company
562
42
46 months
Bandar Imam
Petrochemical
Company
297
42
47 months
Under
study
Under
study
Under
study
Arvand
Petrochemical
Company
(months)
 Considering investment and financing environment, we highly respect all international rules and regulations
 Aggressive development plan for increasing Iran production capacity to 180 million ton in 10 years
 In today’s world Economic and technical cooperation/collaboration is not a choice, it is a must
 Releasing the economic activities from political issues helps to realize the business and economics of the world, make
reduce the crisis in the world
 Europe still suffering from supreme crisis and credit crunch of 2008, and investment in Iran’s offered opportunities
would serve mutual interest of both side
 As it is the restart of old business , all required means and structures are already in place